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Jan 9, 2013
01/13
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the nasdaq lost seven to 3091. the irs is delaying the start of tax season until january 30. that's eight days later than originally scheduled. that's the first day it will accept federal income tax returns due to the last-minute changes to the u.s. tax code made by the deal congress struck to avoid the fiscal cliff. some households claiming things like residential energy credits may have to wait to file until late february or early march. back to you. >> thank you very much. >> 4:45. yosemite park officials announcing a plan to protect a river in the park. the court ordered plan will restore more than 200 acres along the mersed river. it adds shuttle buses and alters roadways to ease traffic congestion. it will not reduce the number of people who visit the park every day. that number stands at nearly 20,000. another change being considered, closing the winter time ice rink to make room for 200 new camp sites. if approved the $235 million project will take 15 years to complete. beautiful. >> i was going to say that shot makes us want to get out to the park. yesterday was spec
the nasdaq lost seven to 3091. the irs is delaying the start of tax season until january 30. that's eight days later than originally scheduled. that's the first day it will accept federal income tax returns due to the last-minute changes to the u.s. tax code made by the deal congress struck to avoid the fiscal cliff. some households claiming things like residential energy credits may have to wait to file until late february or early march. back to you. >> thank you very much. >>...
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Jan 18, 2013
01/13
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scientology announces victory over the irs. for years, the u.s. government had refused to recognize scientology as a religion and was demanding it pay $1 billion in back taxes. after a bitter legal battle, the irs relented and granted tax exempt status. >> there will be no billion-dollar tax bill which we can't pay. there will be no more discrimination. >> i think scientology has a lot to account for because it's protected as a religion under the first amendment. it's able to get away with a lot of things. >> reporter: author lawrence wright has written a new book out today called "going clear, scientology, hollywood and the prison of belief." wright says the victory over the irs allowed scientology to build capital and power, power, he says, the church has exploited. >> what they're doing is abusing their own members, shaking them down for money, wreaking vengeance on people that disagree with them, punishing its critics and physically abusing people and holding them against their will inside the highest levels of the church.
scientology announces victory over the irs. for years, the u.s. government had refused to recognize scientology as a religion and was demanding it pay $1 billion in back taxes. after a bitter legal battle, the irs relented and granted tax exempt status. >> there will be no billion-dollar tax bill which we can't pay. there will be no more discrimination. >> i think scientology has a lot to account for because it's protected as a religion under the first amendment. it's able to get...
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Jan 9, 2013
01/13
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the irs announced it will not begin taking 2012 filings until january 30th, more than a week later than usual. that's due to delays tied to the fiscal cliff deal. meanwhile, you may have heard about an idea getting some currency shall we say online that could solve the nation's latest fiscal crisis, the debt ceiling. a white house petition to mint trillion dollar platinum coins has gotten nearly 7,000 signatures in one week. now it's estimated here a coin really worth a trillion dollars would be the size of a solid platinum 747. by weight of course. on the other hand if you want to go broke in the new year one new york restaurant has a four course meal priced at $2,013. it comes with two pounds of lobster, truffle, wine and a limited edition versaci plate. heading down under, the name under the golden arches will not be mcdonald's. in honor of australia day it will be changed to macca's. a bull on the loose gives a traffic cop the scare of a lifetime but the potentially painful reason why rex is hoping mark sanchez ups his game next season. you're watching "early today." >>> welcome bac
the irs announced it will not begin taking 2012 filings until january 30th, more than a week later than usual. that's due to delays tied to the fiscal cliff deal. meanwhile, you may have heard about an idea getting some currency shall we say online that could solve the nation's latest fiscal crisis, the debt ceiling. a white house petition to mint trillion dollar platinum coins has gotten nearly 7,000 signatures in one week. now it's estimated here a coin really worth a trillion dollars would...
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Jan 3, 2013
01/13
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KNTV
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that typically happens in late january but the irs says it is receiving the fiscal cliff deal to assess the impact before it starts taking those returns. a couple early business headlines. scott, back over to you. >> hampton, thank you very much. 5:15 right now. jon and laura, if i said apple had an app store and amazon had an app store, would you understand they are different? >> yes. >> then the jury has spoken. pretty much a judge said the same thing. apple had been suing amazon over the idea of an app store. a judge the other day said, you know what, there's no confusion here and threw the lawsuit out. a bit of a loss for apple. most people's reaction has been the exact same. i think i understand the difference. >> thank you very much. >> scott, thanks a lot. christina is here to tell us about another cold start to the day but sunshine on the way. >> something that's equally difficult to differentiate, the difference between 33 degrees and 32 degrees because downright cold everywhere out there this morning. even though temperatures are about one to two degrees more mild than yesterd
that typically happens in late january but the irs says it is receiving the fiscal cliff deal to assess the impact before it starts taking those returns. a couple early business headlines. scott, back over to you. >> hampton, thank you very much. 5:15 right now. jon and laura, if i said apple had an app store and amazon had an app store, would you understand they are different? >> yes. >> then the jury has spoken. pretty much a judge said the same thing. apple had been suing...
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Jan 18, 2013
01/13
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KNTV
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some of the coldest ire in the northern hem steer is coming down from canada and dipping down to the great lakes. we still have high pressure. these cold clear snow packs. chilly morning in boise northern portions of nevada, vegas is chilly at 37. this high pressure system hasn't allowed the air to change. we have the air stagnation warnings in many areas from washington state down the oregon. besides the poor air quality you should see a decent amount of sunshine nearly 80 degrees in l.a., phoenix at 74. beautiful through much of the southwest. thatbe careful of freezing fog possible before 9:00 a.m. in the west. >> as far as rain chances go, none coming for a while. >> aren't they lucky. thanks so much. >> the new evident nbc polls on guns in america and we'll show you a 12 pound gold nugget that was found on a beach. plus take a look at this frightening video. a purse thief takes her purse and hurls her on to the tracks. what happened next? we'll tell you. >>> welcome back, here's some other stories making news this morning. the latest nbc/"wall street journal" poll found that 56%
some of the coldest ire in the northern hem steer is coming down from canada and dipping down to the great lakes. we still have high pressure. these cold clear snow packs. chilly morning in boise northern portions of nevada, vegas is chilly at 37. this high pressure system hasn't allowed the air to change. we have the air stagnation warnings in many areas from washington state down the oregon. besides the poor air quality you should see a decent amount of sunshine nearly 80 degrees in l.a.,...
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Jan 23, 2013
01/13
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you met santa claus. [ cheers and applause ] ♪ the irs has delayed the start of tax season. there's a lot of confusion out there. but at h&r block we are ready. and the sooner you start, the sooner we'll help you get your refund. come on in. ♪ wow. ♪ what? ♪ mmm. it looks delicious! i didn't work out this morning. i should try it? yeah. actually pretty tasty. sausage, egg and cheese. mmm! this is from special k? no way! that changes things. [ female announcer ] new special k flatbread breakfast sandwiches. with multi-grain flatbread, eggs, sausage, and cheese. it's only 240 calories. if you guys can come back tomorrow, it'd be fantastic. [ female announcer ] a breakfast revelation. what will you gain when you lose? ♪ [ cheers and applause ] >> jimmy: welcome back, everybody. we are joined right now by a great actress who is part of the talented, very funny cast of "guys with kids," a new sitcom that airs wednesdays at 8:30 right here on nbc. let's take a look at a clip. >> your dad doesn't like me because i never asked him for permission to marry you. >> what? that's
you met santa claus. [ cheers and applause ] ♪ the irs has delayed the start of tax season. there's a lot of confusion out there. but at h&r block we are ready. and the sooner you start, the sooner we'll help you get your refund. come on in. ♪ wow. ♪ what? ♪ mmm. it looks delicious! i didn't work out this morning. i should try it? yeah. actually pretty tasty. sausage, egg and cheese. mmm! this is from special k? no way! that changes things. [ female announcer ] new special k...
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Jan 9, 2013
01/13
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. >> the irs delaying the start of tax season until january 30, eight days later than originally scheduled. and this change is due to the last minute changes to the u.s. tax code made by the deal congress struck to avoid the ugly fiscal cliff. some households with residential energy credits may have to wait to file taxes until february or early march. it's not a lion but it looks like one. a virginia dog triggering 911 calls while out for a walk. this is charles. he's a labradoodle. an interesting cut there. police in norfolk, virginia, responded to calls about -- oh, my goodness -- a lion on the loose. the local paper says officers called the local zoo to make sure everything was okay. come on. as it turned out it was just charles there. now he's so popular and a pink-looking he has his own facebook page. people calling because they thought it was a lion. they don't get out much. >> running fast. >> christina loren is here to tell us what's happening outside. lion-type weather. >> maybe they were looking through the fog. maybe that's why they couldn't make it out. someone felt foolish aft
. >> the irs delaying the start of tax season until january 30, eight days later than originally scheduled. and this change is due to the last minute changes to the u.s. tax code made by the deal congress struck to avoid the ugly fiscal cliff. some households with residential energy credits may have to wait to file taxes until february or early march. it's not a lion but it looks like one. a virginia dog triggering 911 calls while out for a walk. this is charles. he's a labradoodle. an...
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Jan 17, 2013
01/13
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FBC
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the uk the car after dinner wa't your wife? the irs is targeting where the money is. a lot of the expenses are up for grabs. >> they are high income taxpayers, these are the people who are in the crosshairs. foreign transactions would be more likely. is that i? >> is possible, especially for a larger business owner. i think travel entertainment and things like that are expensive. anything that. you know, we define a small-business owner and under a hundred employees. we can be substantial employees. gerri: a lot of businesses use outside contractors. >> they will hire someone where it is a repair office where you work outside of their offices. the irs wants you to classify that individual is an employee. by god, withholding, medicare, payroll taxes, they don't want to do -- they have very strict rules on who is an employee or contractor. >> we don't havea lot of time, have a lot of time, but he would like you if you unfortunately find out that you owe money, that is the time to create a payment plan with the irs. you have negotiated a settlement. this is what you owe
the uk the car after dinner wa't your wife? the irs is targeting where the money is. a lot of the expenses are up for grabs. >> they are high income taxpayers, these are the people who are in the crosshairs. foreign transactions would be more likely. is that i? >> is possible, especially for a larger business owner. i think travel entertainment and things like that are expensive. anything that. you know, we define a small-business owner and under a hundred employees. we can be...
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Jan 10, 2013
01/13
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FBC
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confusing for the irs to deal with it. they do have several ways of deal with it. they have a fraud unit they have established about four years ago. the problem is they still have, to have people go among at least 21 different entities before they can get a resolution to their identity problems, should they have something like that. melissa: that sounds crazy. are you safe err if you file online or by mail? which is better in terms of protecting yourself from identity theft? >> they're both very risky unfortunately. for example, if you live in a rural or suburban area have the standard mailboxes that aren't secured it is very easy for thieves to get into the mailboxes and look at what you have got there. if they see something going to and or from the irs they can take it and they can do some damage to it. that is where the mail part. if you file electronically using e-file system it generally is fairly secure but, there are several points within the process that are vulnerable to interception and if the encryption is not s
confusing for the irs to deal with it. they do have several ways of deal with it. they have a fraud unit they have established about four years ago. the problem is they still have, to have people go among at least 21 different entities before they can get a resolution to their identity problems, should they have something like that. melissa: that sounds crazy. are you safe err if you file online or by mail? which is better in terms of protecting yourself from identity theft? >> they're...
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Jan 23, 2013
01/13
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if the irs catches you breaking just one rule. founder and president of diversified financial consultants. welcome back to the show. we were talking about this last week and we did not have time to get into wood, and that this is critical. there is a rule, required minimum distribution if you are in retirement. >> the rule, required minimum distributions have to do with the access that you have an ira accounts. you have reached a 70. the irs, congress, wanted to take the money out of the retirement account. gerri: this has been around a long time. people know about it. you say people forget about it. >> well, we have to start with, it's 70 and a half, silver dealing with people under 70, 80, 90 years old. we have lots of 70, 80, nine year olds. all the sudden death in this complex confusing paperwork and amount. now many people understand the calculation, and what works out. a little difficult to stay in compliance. 50% penalty if you don't take that money out of the ira account. gerri: okay. let's back up just five pieces here. b
if the irs catches you breaking just one rule. founder and president of diversified financial consultants. welcome back to the show. we were talking about this last week and we did not have time to get into wood, and that this is critical. there is a rule, required minimum distribution if you are in retirement. >> the rule, required minimum distributions have to do with the access that you have an ira accounts. you have reached a 70. the irs, congress, wanted to take the money out of the...
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Jan 28, 2013
01/13
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CNBC
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i call the social security department, they wanted me to call the irs. >> in two scathing report last year, treasuries internal watch dog blasted the irs. >> it can take more than a year for a cheated taxpayer to an issue like this resolved. that is unacceptable. >> it feels like the irs got caught flat-footed with all of this. is that care? >> irs takes refund fraud and identity theft seriously. as we strengthen our systems, thieves find new wayes it try to scam the systems. >> that means a lot of this is on you. what can you do? file as early as you can so you don't give crooks a window to feel ahead of you. guard your identity, especially your social security number. if you are a victim of identity theft at any time of the year, alert the irs along with banks and credit card companies. irs does say it is constantly coming up with new filters to protect fraudulent returns. they don't want to tell us what those are so as not to give crooks ideas. we have more tips and more about this case on-line. tyler? >> scott, thank you very much. >>> and the smart phone smackdown. is apple losin
i call the social security department, they wanted me to call the irs. >> in two scathing report last year, treasuries internal watch dog blasted the irs. >> it can take more than a year for a cheated taxpayer to an issue like this resolved. that is unacceptable. >> it feels like the irs got caught flat-footed with all of this. is that care? >> irs takes refund fraud and identity theft seriously. as we strengthen our systems, thieves find new wayes it try to scam the...
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Jan 31, 2013
01/13
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FOXNEWS
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the media decided to discover the toe tapping but the guy that owes the irs $11 million and is flying the senator around. >> who else has been flying on dr. melvin's plane. maybe the media doesn't want to touch it. he is a very big large donor to the democrats. >> i wouldn't compare menendez story with larry craig because the allegation is true they are more akin to david vitter who is serving in congress and admitted seeing prostitutes. prostitution is legal in dominican republic. >> sean: actually it's legal in parts of the united states. >> he admitted it. >> sean: let's back to to this, the toe tapping, i'm sorry. there is a double standard. >> you say it's funny and you are laughing. you like the media, you know the media likes anything salacious and sexy. >> you are laughing now. >> it wasn't sexy enough. he may not have been with a legal prostitute. >> if you say that prostitution is legal in the dominican republic, then why did menendez stiff the prostitute. he didn't even pay her. >> these are allegations. no, but in all seriousness, if he did something wrong, he broke the la
the media decided to discover the toe tapping but the guy that owes the irs $11 million and is flying the senator around. >> who else has been flying on dr. melvin's plane. maybe the media doesn't want to touch it. he is a very big large donor to the democrats. >> i wouldn't compare menendez story with larry craig because the allegation is true they are more akin to david vitter who is serving in congress and admitted seeing prostitutes. prostitution is legal in dominican republic....
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Jan 10, 2013
01/13
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KICU
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the group argues that the irs does not have the staff to handle the flood of cases it receives. cases of tax-related identity theft have spiked in recent years. in 2012, the irs received nearly 450,000 cases - a whopping 80% increase from 2011. the nissan leaf, once built exclusively in japan, will now be built in the u.s.a. starting this week, 300 autoworkers will begin production in smyrna, tennessee. nissan, however, is remaing mum on how many cars will be produced. sales of the leaf in the u.s. are being called disapointing, with just under 10,000 sold. meanwhile, sales of gm's electric hybrid, the chevy volt, topped 23,000 last year. apple may have a cheaper iphone in the works. according to the wall street journal, apple is considering creating a less expensive version of the popular device. the iphone would be made from less costly materials such as polycarbonite plastic or even materials recovered from used iphones. apple has not confirmed or denied the report. still to come, our resident film critic is here with his list of oscar picks. the films and actors that could m
the group argues that the irs does not have the staff to handle the flood of cases it receives. cases of tax-related identity theft have spiked in recent years. in 2012, the irs received nearly 450,000 cases - a whopping 80% increase from 2011. the nissan leaf, once built exclusively in japan, will now be built in the u.s.a. starting this week, 300 autoworkers will begin production in smyrna, tennessee. nissan, however, is remaing mum on how many cars will be produced. sales of the leaf in the...
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Jan 3, 2013
01/13
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WJLA
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the irs has released a statement saying it is reviewing the details of this week's tax legislation and and figuring out how it might affect filing this year. several lines are listed as reserved. that is something the irs says it's a place holder for fiscal cliff provisions. >> would there are growing concerns over cell phone privacy. a new application is becoming popular called snapchat. it is designed to share pictures and video. some experts warned that the self-destruct in images might encourage children to send inappropriate photographs which will not disappear. >> people who are using this and thinking no one else will see their pictures or videos are kidding themselves. you can take a screen shot or a picture of your phone with another camera. >> with that belief that there is no permanent record of the photograph, the snap shut community schiller -- shared more than 1 billion snaps since july. >> it is time to check on this weather. it was brought to this morning. >> we had cloud cover itself if not, it could have been colder. we were lucky it was 19 this morning. it will be a
the irs has released a statement saying it is reviewing the details of this week's tax legislation and and figuring out how it might affect filing this year. several lines are listed as reserved. that is something the irs says it's a place holder for fiscal cliff provisions. >> would there are growing concerns over cell phone privacy. a new application is becoming popular called snapchat. it is designed to share pictures and video. some experts warned that the self-destruct in images...
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Jan 21, 2013
01/13
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FBC
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pay your credit bill to the irs with the credit card? >> you know, i think about that for myself, but there's a fee in doing so, and, you know, then you have to -- obviously depends how much you have to pay the irs and how much the fee is for the amount you have to pay versus the benefit. i love points on the credit cards also. you have to weigh that and decide whether it's the right thing for you. i have shied away there doing so because fees are too high. gerri: ridiculous to pay a fee to pay the irs. that's compounding. >> exactly, i cringe when i see it. absolutely not. gerri: rich, appreciate your time. >> thanks. gerri: still to come, two cents more on lance armstrong's memoirs, and an ache you cannot identify? many turn to google rather than your doctor. is this safe? details next. ♪ ♪ aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪
pay your credit bill to the irs with the credit card? >> you know, i think about that for myself, but there's a fee in doing so, and, you know, then you have to -- obviously depends how much you have to pay the irs and how much the fee is for the amount you have to pay versus the benefit. i love points on the credit cards also. you have to weigh that and decide whether it's the right thing for you. i have shied away there doing so because fees are too high. gerri: ridiculous to pay a fee...
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is why you were joking about the irs website. everybody is commiserating with the irs. nobody knows what to make of this. we have not analyzed it. our message to clients is we need to sit back, do some research here to analyze how this is going to affect us. do we need to change our tax withholding a work in one direction or another? front load retirement contributions to alter our behavior such as child care or long-term care expenses or mortgage deductions? gerri: you don't have the answer the question nighter. >> no. and it's frustrating. my clients are paying me to answer these kinds of questions. as a financial planner might just help them plan for the future. we just get notification of a top the 13 tax bill on january january 12013. that's unconscionable, absurd and demonstrates -- gerri: just to point out to our viewers, you are a smart financial adviser, one of the biggest in the country. selig were talking to someone who doesn't know is talking about. we're talking to someone he's very frustrated with the way washington
is why you were joking about the irs website. everybody is commiserating with the irs. nobody knows what to make of this. we have not analyzed it. our message to clients is we need to sit back, do some research here to analyze how this is going to affect us. do we need to change our tax withholding a work in one direction or another? front load retirement contributions to alter our behavior such as child care or long-term care expenses or mortgage deductions? gerri: you don't have the answer...
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Jan 30, 2013
01/13
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FBC
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so the fines are extravagant, but there are ways to corrected, and work with the irs. the most important thing is getting information accurately. so what you should do is request the w9 form. ended a teenine from the vendor gives you the accurate legal name, address, taxpayer. you have to make sure is perfect because what is happening, and you will see a lot of businesses receive notices from the irs. misinformation. think about how many companies you know i'm just by the trade name, but it is not the legal name. gerri: and that is going to matter. >> well, it is. again, it is matching. the norrises other recipients of services, so what i'll is saying is get the w9 prior to making your first payment. this will you have all the information. the end of the year comes, and january 301st comes. gerri: to do not send it to? >> you do not send it to corporations with the exception of clemens and earlier, lawyers. all lawyers get them. merchandized, if you receive merchandise than you are required. again, this is for services. real-estate agents, as you mentioned, they do not
so the fines are extravagant, but there are ways to corrected, and work with the irs. the most important thing is getting information accurately. so what you should do is request the w9 form. ended a teenine from the vendor gives you the accurate legal name, address, taxpayer. you have to make sure is perfect because what is happening, and you will see a lot of businesses receive notices from the irs. misinformation. think about how many companies you know i'm just by the trade name, but it is...
SFGTV: San Francisco Government Television
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Jan 17, 2013
01/13
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SFGTV
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we have to then use our best efforts to be consistent with the irs regulations just like we do for the $5 billion of bonds that we have outstanding right now. >> okay. why don't we go to the budget analyst's report? >> madame chair, supervisor avalos, on page 8 of our report, we point out that as shown in attachment 1,the wholesale customers total principal and interest payments to the ing over the 25-year term. we also point out that although the proposed $362.3 million [prao*-epl/] payment would cause puc to forego future interest earnings, through 2014-2013 [#34*-rbgs/] the wholesale customers have the right to pre-pay the balance owed on capital assets under the existing water supply agreement. plas reed recommend [tkwhra-eubgsz/] puc has submitted amended legislation to the committee on page [#1-e6/] our report. first of all we recommend that you approve the resolution for the approval and execution of the wholesale water revenue pre-payment and collection agreement. and we also [r-eplts/] that recommend that you delete line 10 and 11 on line 2 and replace it with "see administrat
we have to then use our best efforts to be consistent with the irs regulations just like we do for the $5 billion of bonds that we have outstanding right now. >> okay. why don't we go to the budget analyst's report? >> madame chair, supervisor avalos, on page 8 of our report, we point out that as shown in attachment 1,the wholesale customers total principal and interest payments to the ing over the 25-year term. we also point out that although the proposed $362.3 million...
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Jan 31, 2013
01/13
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MSNBC
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we are starving the irs. i've been talking to people inside the irs whose units have been cut 30, 40, 50% in personnel, and they're not auditing, and they're not going after the tough cases that will mean the less money for the government and the less money for all government services and cause real serious problems. so in that sense we are heading toward greece by taking away a great tax system and replacing wit a weakened one. >> why are these changes taking place in the irs? why are they not being as aggressive as they used to be? >> well, because for years now, the republicans have attacked the irs. and at one point, you may recall, i broke the story years ago that you were actually more likely to be audited if you were poor than if you were affluent. we've cut radically the audits of corporations. and the irs now tells corporations, well we'll only audit you on these issues and you have this many days. we'll close the audit whether we're done or not. that's not really doing the job they need to do. >> i
we are starving the irs. i've been talking to people inside the irs whose units have been cut 30, 40, 50% in personnel, and they're not auditing, and they're not going after the tough cases that will mean the less money for the government and the less money for all government services and cause real serious problems. so in that sense we are heading toward greece by taking away a great tax system and replacing wit a weakened one. >> why are these changes taking place in the irs? why are...
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397
Jan 27, 2013
01/13
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KNTV
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she owes half a million dollars and more to the law enforcement and irs. >>> how about this car chase in oklahoma. one of the suspects reaches down, unhooks a trailer. the chase hits speeds up to 100 miles per hour. two men and a woman were arrested. police have not said what led to this chase. >>> have you ever saw lester react to a snake you will understand the following story. big strapping athlete facing off with a very cute animal. guess who wins in it was a bat. it flu onto the court between marquette and providence last night. it tortured them. look at this. what is that? a few brave souls tried to battle the bat. it was bat 1, athletes 0. that is all the important news. >> i could have handled the bat. >> really? >> ducking here. >> it was you to snake as they are to bats. >> bats don't freak me out like these guys. >> he says that now. >> let's go get a bat and see. actually, let's not. >> let's just talk about it. stephanie abe raplgs rams is ba. >> we are seeing the system right in the middle of the u.s. stretching from the plains down into texas. it will be heading eastbou
she owes half a million dollars and more to the law enforcement and irs. >>> how about this car chase in oklahoma. one of the suspects reaches down, unhooks a trailer. the chase hits speeds up to 100 miles per hour. two men and a woman were arrested. police have not said what led to this chase. >>> have you ever saw lester react to a snake you will understand the following story. big strapping athlete facing off with a very cute animal. guess who wins in it was a bat. it flu...
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Jan 18, 2013
01/13
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KNTV
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go to the irs calculator and make sure you have the withholding allowances properly. >> is the worksheet pretty good? people don't mind overpaying, they don't want to owe at the end of the year. >> that is another thing. you have to be very careful when you do that that you don't owe at the end of the year. just double-check where you are. you may want to talk to a cpa or a tax professional to see if you are really withholding enough. the other thing you want to do is check all of the fees. so many of us put everything on automatic pilot. there may be things you're paying for that you no longer use, like my netflix account that i had to double-check and make sure i was using it as much. look at your credit card and see what the rates are there. you may be able to lower your rate. if you have a higher rate card, don't use that one. use the one with the lower rate. >> good advice. sharon epperson, good to see you as always. >> sure. >>> two cousins, 8 and 10 years old, that we should all be following. >>> and a man finds a gold nugget that weighs more than 11 pounds. first these messages.
go to the irs calculator and make sure you have the withholding allowances properly. >> is the worksheet pretty good? people don't mind overpaying, they don't want to owe at the end of the year. >> that is another thing. you have to be very careful when you do that that you don't owe at the end of the year. just double-check where you are. you may want to talk to a cpa or a tax professional to see if you are really withholding enough. the other thing you want to do is check all of...
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Jan 29, 2013
01/13
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WBAL
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the irs says the best way to file an accurate return is true e-file. use the direct deposit option for a faster refund. >> now your 11 insta-weather plus forecast. >> good afternoon. we are really heating things up. already pushing 60 degrees downtown. also at b.w.i. third marshall as well. a cold front sitting over this area in the past about hours. some areas are still in the 40's because of that right now. further up toward the west caballo 50's. -- toward the west, 50's. warm air will continue to come out of the south. the humidity is feeling a lot better. not so dry right now. more humidity coming tomorrow as well. look how warm it is near the gulf right now. 77 right now in new orleans as everyone is getting ready for the big game on sunday. cold air across the plane's right now. 41 in kansas city. only in the teens right now in denver. we will get some rocky weather, possibly thunderstorms in the area. tracking that cold front with thunderstorms already pushing its way through oklahoma and eastern kansas and missouri as well. there could be seve
the irs says the best way to file an accurate return is true e-file. use the direct deposit option for a faster refund. >> now your 11 insta-weather plus forecast. >> good afternoon. we are really heating things up. already pushing 60 degrees downtown. also at b.w.i. third marshall as well. a cold front sitting over this area in the past about hours. some areas are still in the 40's because of that right now. further up toward the west caballo 50's. -- toward the west, 50's. warm...
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760
Jan 17, 2013
01/13
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KNTV
tv
eye 760
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irs and they made that decision in 1993 in the nation of 2400 lawsuits from the church and church members. >> concluding it is a religion? >> yes. >> let's talk about what you found in your book. you say you interviewed more than 200 people you looked at thousands of pages of documents. what is the most troublesome practice you say you uncovered through your research? >> the recruitment of children at very young age to join their clergy call a sea orb, they step away from their education, they are impoverished by their service and made to work long hours, as paul said you can on that clip. some of these kids, you know, one of them i talked to, he was put in one of these heavy machinery factories where they notch books and they chopped off part of his finger. he was 16 years old. according to the labor laws in the state of california, he shouldn't have been in that kind of situation. he should have been in school to start w >> you mention the labor laws, i should mention again, the church of scientology says it comp lies about all applicable child labor laws and as a blanket matter, denies
irs and they made that decision in 1993 in the nation of 2400 lawsuits from the church and church members. >> concluding it is a religion? >> yes. >> let's talk about what you found in your book. you say you interviewed more than 200 people you looked at thousands of pages of documents. what is the most troublesome practice you say you uncovered through your research? >> the recruitment of children at very young age to join their clergy call a sea orb, they step away...
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Jan 9, 2013
01/13
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KRON
tv
eye 123
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here is because the programming of the irs computers and the printing of forms and instructions were elated by congressional wrangling over the fiscal cliff. the irs says that about 120 million individual taxpayers will be able to file their returns on january the 30th and most people will get their refunds on time. >> millions of americans who are still getting paper checks for social security and other federal benefits have less than two months to make the switch to electronic payments. since may of last year, the treasury department has required that all recipients sign up for electronic payments which include direct deposit and debit cards. recipients have until march 1st to make the switch or they risk more aggressive communication efforts, such as additional melons. california is among the states with the largest number of residents who have not yet converted to electronic payments. >> coming up next. the numbers are in. how hot was 2012? mark has the latest records. we will be right back. q x >> welcome back to 2012 is officially in the books as a high this year on record for
here is because the programming of the irs computers and the printing of forms and instructions were elated by congressional wrangling over the fiscal cliff. the irs says that about 120 million individual taxpayers will be able to file their returns on january the 30th and most people will get their refunds on time. >> millions of americans who are still getting paper checks for social security and other federal benefits have less than two months to make the switch to electronic payments....
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Jan 9, 2013
01/13
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KRON
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it is because of the programming of the irs computers and the printing of the forms and instructions were delay by congressional wrangling over the fiscal cliff. the irs says that 120 million individual taxpayers will be able to file their returns london where the party and most people get their refunds on time. >> millions of americans were still getting paper checks for social security and other federal benefits have less than two months to make the switch to electronic payments. since may of last year, the treasury apart and has required all new recipients to sign up for electronic payments which include direct deposit and debit cards. recipients have until march 1st to make the switch. >> we will be right back. >> the time is 9:43 a.m.. will take you live for the press are about the oakland museum theft. >> we will have questions and answers at the ends and i will be available after words to take some the media up to the gallery and we will let you know about the history. in brief, the museum has experienced two burglaries and the first one took place a few months ago. this was o
it is because of the programming of the irs computers and the printing of the forms and instructions were delay by congressional wrangling over the fiscal cliff. the irs says that 120 million individual taxpayers will be able to file their returns london where the party and most people get their refunds on time. >> millions of americans were still getting paper checks for social security and other federal benefits have less than two months to make the switch to electronic payments. since...
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77
Jan 14, 2013
01/13
by
CSPAN
tv
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income with the irs. every bank required every borrower to sign that, but no banks, or very few, went to the trouble on checking done in come with the irs. this is a case where the bank had the opportunity to check on the income as stated and they did not. very few went to the trouble of checking on in come with the irs. the banks had an opportunity to check on the income and they didn't. i think the banks were more responsible for the mess. host: david from long island, new york. caller: good morning. i refinanced my house about eight years ago. i borrowed half the value of my house. the economy went south on us. now the banks are sending us these low interest rates. i go back to refinance the house or remorse reached the house at 6.75%. bank tells me i do not make enough income or income to debt ratio for the house. i do make enough to pay the 6.75%. if the given the lower rate, i would be saving $1,000 a month. what can be done about that? guest: there are many, many borrowers who are having trouble re
income with the irs. every bank required every borrower to sign that, but no banks, or very few, went to the trouble on checking done in come with the irs. this is a case where the bank had the opportunity to check on the income as stated and they did not. very few went to the trouble of checking on in come with the irs. the banks had an opportunity to check on the income and they didn't. i think the banks were more responsible for the mess. host: david from long island, new york. caller: good...
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Jan 11, 2013
01/13
by
FBC
tv
eye 96
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the eight days later issues, the irs has to wait eight days because of the last minute tax changes of last year, are you advising people don't look at that time for you, start putting this together now? >> yes. actually, liz, it is really 15 days because the irs already put it off seven days. it is a total of 15-day delay from last year. we're telling people, go ahead and get ready to file, those file first get their refund the soonest. liz: all of these changes cause confusion with people. i'm just interested from the perspective of a ceo of a tax preparer like liberty, does this help your business? because a lot of people say, i don't know what i should do here, i need these guys? >> absolutely. whenever there is change, when there is consternation it drives people to prepare. as it should. liz: john, nice to see you. happy new year. >> nice to see you again. >> we'll be hearing from john in the future between now and tax time. john hewitt, chairman and ceo of liberty tax. david? david: everybody here in studio is looking up at that list of deductions. that is a good segment. we'll
the eight days later issues, the irs has to wait eight days because of the last minute tax changes of last year, are you advising people don't look at that time for you, start putting this together now? >> yes. actually, liz, it is really 15 days because the irs already put it off seven days. it is a total of 15-day delay from last year. we're telling people, go ahead and get ready to file, those file first get their refund the soonest. liz: all of these changes cause confusion with...
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Jan 29, 2013
01/13
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FOXNEWSW
tv
eye 169
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the irs on the site has earned income tax credit assistance. >> so if you are unemployed you can deduct job hunting costs. >> sometimes. if you look for a job in the same line of work in 2012 and if you itemize your return you can lump all of the costs together transportation costs to and from the interview resume cost career counseling but they have to exceed 2 percent of yaur adjust -- your adjusted gross income. pretty easy to clear if you don't have any income in 2012. these expenses are deductible even if you land a job. >> but you can't do it if you are changing careers. >> you can't do it if it is your first job search f. you are just out of college this break does not apply. >> out of pocket charitable contributions. >> people remember the cash contributions they made to their charities but they forget the out of pocket things they do. you can deduct things like ingredients for pies you made for your favorite charity or fundraising event. $0.14 is what you can deduct on millage plus parking and tolls for your fill tropic endeavors. >> home improvement. >> a lot of them this is w
the irs on the site has earned income tax credit assistance. >> so if you are unemployed you can deduct job hunting costs. >> sometimes. if you look for a job in the same line of work in 2012 and if you itemize your return you can lump all of the costs together transportation costs to and from the interview resume cost career counseling but they have to exceed 2 percent of yaur adjust -- your adjusted gross income. pretty easy to clear if you don't have any income in 2012. these...
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Jan 18, 2013
01/13
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FOXNEWSW
tv
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the good news is the irs says it stopped those two and others from illegally claiming 2.5 billi 2.5 billion in last refunds last year. they are stepping up enforcement but says more needs to be done. $35 million slipped through the cracks and so the irs says it's very successful at detecting and stopping in incorrect refunds when prisoner data is available it adds there are significant challenges getting complete and consistent data from the multiple jurisdictions involved. still the agency says if committed to enhancing the process is to further minimize prisoner refund fraud. >> it is now 44 after the top of the hour. coming up either he was duped or he duped us. we are looking into the unfolding saga of notre dame's manti te'o and if he can now sue for falling for that hoax. arthur aidala is up next. >> image never having to wash your shirt again. a new t-shirt claims it can do just that. steve doocy see what's coming up on fox and friends. >> that could change everything. you never have to wash your clothes. >> pretty cool. >> kinda. although i don't actually do the laundry at my house.
the good news is the irs says it stopped those two and others from illegally claiming 2.5 billi 2.5 billion in last refunds last year. they are stepping up enforcement but says more needs to be done. $35 million slipped through the cracks and so the irs says it's very successful at detecting and stopping in incorrect refunds when prisoner data is available it adds there are significant challenges getting complete and consistent data from the multiple jurisdictions involved. still the agency...
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133
Jan 2, 2013
01/13
by
WBAL
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the tax policy center estimates three-quarters of americans will still pay a little more to the irs. the social security payroll tax cut is expiring. the bill extends unemployment benefits to the end of 2013. the president is now headed towards hawaii. he had hoped for more of a grand bargain. >> there wasn't enough support for a larger agreement. >> this measure sets up more battles moving forward, as house speaker john boehner promises to push reforms to the entitlement programs that are driving the country more and more into debt. cuts his colleagues wanted to see more of in this bill. >> the senate and president failed to meet their own stated obligations, which was to bring us a balanced bill. >> one of the next big battles revolves around the debt ceiling, making sure the u.s. has enough to pay its bills. you can get used to saying "debt ceiling' now. >> talk about the split in the republican party. >> john boehner voted eric cantor voted no, as did about 181 other republicans. 85 voted yes. you see the split. >> hallie jackson, thank you, hallie. >> police are investigating tw
the tax policy center estimates three-quarters of americans will still pay a little more to the irs. the social security payroll tax cut is expiring. the bill extends unemployment benefits to the end of 2013. the president is now headed towards hawaii. he had hoped for more of a grand bargain. >> there wasn't enough support for a larger agreement. >> this measure sets up more battles moving forward, as house speaker john boehner promises to push reforms to the entitlement programs...
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112
Jan 30, 2013
01/13
by
FBC
tv
eye 112
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is the irs changing the way the order goes through tax returns? >> if they are, if the irs is changing the way or the order of processing their tax returns, that's not something that they have publicly shared with us. what we do know is that in, starting on january 26th, we had bee gun some early season testing with them, with live returns that we had stocked up and ready did to submit. everyone in the industry does this. and so now those returns that we were able to submit early through testing we expect we'll start getting their refunds issued a little bit sooner. so there is some good news coming for people who already had their returns prepared and ready to go. lori: cathy, thank you so much. of h&r block. i can't believe it is tax season. i can't believe so many people are diligent about filing on time. melissa: good for them. it is quarter toe. as we do every 15 minutes let's check the markets. nicole petallides on the floor of the new york stock exchange reporting names after the bell. nicole? >> that's right. we'll look at a few names we'l
is the irs changing the way the order goes through tax returns? >> if they are, if the irs is changing the way or the order of processing their tax returns, that's not something that they have publicly shared with us. what we do know is that in, starting on january 26th, we had bee gun some early season testing with them, with live returns that we had stocked up and ready did to submit. everyone in the industry does this. and so now those returns that we were able to submit early through...
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139
Jan 15, 2013
01/13
by
CNBC
tv
eye 139
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the irs is saying that it's causing the irs to pay out too much cash for clunkers. the rules, they say, are not being followed by a lot of americans when they are taking large noncash charitable donations, things like cars being donated to a charity. in 2010, more than 273 taxpayers claimed $3.8 billion in potentially ear roan yous contributions. that all resulted in a about $1.1 billion in a reduction in tax. and the inspector general is saying approximately 60% of donors did not comply with reports requirements. what they are saying here is that the irs form 1098 c in particular is one that a lot of payers are not filling out and filing with the ir is s. that's what the form is that you're supposed to turn in when you donate a car to charity, you're supposed to document the value of that car. what they found is when they checked with the charities, a lot of them did not have the same value, that the taxpayers themselves were reports. this is going to be one to watch out for. they made changes at the irs and the irs so new rules to come here, carl. >> thank you, ea
the irs is saying that it's causing the irs to pay out too much cash for clunkers. the rules, they say, are not being followed by a lot of americans when they are taking large noncash charitable donations, things like cars being donated to a charity. in 2010, more than 273 taxpayers claimed $3.8 billion in potentially ear roan yous contributions. that all resulted in a about $1.1 billion in a reduction in tax. and the inspector general is saying approximately 60% of donors did not comply with...
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68
Jan 29, 2013
01/13
by
WBAL
tv
eye 68
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debate over the fiscal cliff made processing for the irs. the majority begins tomorrow. due to new tax laws enacted by congress, the irs says it has the of baby processing systems which is used to claim the american opportunity tax credit and the lifetime learning tax credit. those are starting on wednesday. memory for gamers tonight as apple unveiled an upgrade to the ipad. 128gig of memory. nothing else has changed for the next one that went on sale for november. it does not apply to the ipad mini. it goes on sale next week for $800, $930 if you add the cellular data access package. americans will spend billions of dollars to get ready for the big game on sunday. we have pulled together some pretty good tips for saving more than just chips. according to an annual survey by the retailing and advertising association, americans will spend $12.30 billion, $68 per person. they're spending on snacks and beverages but according to an analysis, or when stable will take a bite out of your budget. >> the biggest hit your budget will come from chicke
debate over the fiscal cliff made processing for the irs. the majority begins tomorrow. due to new tax laws enacted by congress, the irs says it has the of baby processing systems which is used to claim the american opportunity tax credit and the lifetime learning tax credit. those are starting on wednesday. memory for gamers tonight as apple unveiled an upgrade to the ipad. 128gig of memory. nothing else has changed for the next one that went on sale for november. it does not apply to the ipad...